nep-ppm New Economics Papers
on Project, Program and Portfolio Management
Issue of 2022‒08‒15
five papers chosen by
Arvi Kuura
Tartu Ülikool

  1. When the Project Ends and Operations Begin: Ensuring Safety During Commissioning Through Boundary Work By Anne Russel; Stéphanie Tillement
  2. Co-creation for policy: Participatory methodologies to structure multi-stakeholder policymaking processes By MATTI Cristian; RISSOLA Gabriel; MARTINEZ Paolo; BONTOUX Laurent; JOVAL Joan-Marc; SPALAZZI Annalisa; FERNANDEZ Damaris
  3. Climate-Contingent Finance By John Nay
  4. The Recovery and Resilience Facility: A springboard for a renaissance of public investments in Europe? By Corti, Francesco; Gros, Daniel; Ruiz de la Ossa, Tomás; Liscai, Alessandro; Kiss-Gálfalvi, Tamás; Gstrein, David; Herold, Elena; Dolls, Mathias
  5. The Chinese belt and road initiative between economics and geopolitics: Consequences for Armenia By Wrobel, Ralph

  1. By: Anne Russel (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - Nantes Univ - IAE Nantes - Nantes Université - Institut d'Administration des Entreprises - Nantes - Nantes Université - pôle Sociétés - Nantes Univ - Nantes Université - IUML - FR 3473 Institut universitaire Mer et Littoral - UM - Le Mans Université - UA - Université d'Angers - UBS - Université de Bretagne Sud - IFREMER - Institut Français de Recherche pour l'Exploitation de la Mer - CNRS - Centre National de la Recherche Scientifique - Nantes Université - pôle Sciences et technologie - Nantes Univ - Nantes Université - Nantes Univ - ECN - Nantes Université - École Centrale de Nantes - Nantes Univ - Nantes Université, IMT Atlantique - SSG - Département Sciences sociales et de gestion - IMT Atlantique - IMT Atlantique Bretagne-Pays de la Loire - IMT - Institut Mines-Télécom [Paris]); Stéphanie Tillement (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - Nantes Univ - IAE Nantes - Nantes Université - Institut d'Administration des Entreprises - Nantes - Nantes Université - pôle Sociétés - Nantes Univ - Nantes Université - IUML - FR 3473 Institut universitaire Mer et Littoral - UM - Le Mans Université - UA - Université d'Angers - UBS - Université de Bretagne Sud - IFREMER - Institut Français de Recherche pour l'Exploitation de la Mer - CNRS - Centre National de la Recherche Scientifique - Nantes Université - pôle Sciences et technologie - Nantes Univ - Nantes Université - Nantes Univ - ECN - Nantes Université - École Centrale de Nantes - Nantes Univ - Nantes Université, IMT Atlantique - SSG - Département Sciences sociales et de gestion - IMT Atlantique - IMT Atlantique Bretagne-Pays de la Loire - IMT - Institut Mines-Télécom [Paris])
    Abstract: Ensuring safe performance in inter-organisational projects involves managing a whole range of organisational, occupational and spatio-temporal boundaries. Regarding future safety, the commissioning phase is crucial. Drawing from the case of the commissioning of a new nuclear installation, we highlight the challenges associated with the transition between the project and operations and show the socio-material and temporal arrangements that support or hinder boundary work.
    Keywords: Nuclear industry,Inter-organisational projects,Commissioning,Boundary work,Process safety
    Date: 2022
    URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-03702127&r=
  2. By: MATTI Cristian; RISSOLA Gabriel (European Commission - JRC); MARTINEZ Paolo; BONTOUX Laurent; JOVAL Joan-Marc; SPALAZZI Annalisa; FERNANDEZ Damaris
    Abstract: This handbook aims at helping its users to effectively co-create the powerful policies we need today. It combines an entrepreneurial way of thinking and a concrete process for developing breakthrough ideas that stand a high chance of producing real-world impact. It presents a practitioner-oriented narrative for the design and implementation of innovative participatory processes and workshops to address societal challenges – coordinated by policy-makers and with the active engagement of key stakeholders. It applies tried and tested self-organisation and design thinking principles for co-creation. The handbook provides practical steps and recommendations for the identification of synergies among stakeholders across territories, sectors and levels. It shows how to ensure optimal knowledge management and efficient communication to optimise resources use, policy convergence and the achievement of positive results when designing or implementing policy. By combining community engagement and knowledge management services, the handbook highlights how participatory processes can be embedded in the policymaking cycle with a view to improve the societal value of generating collaborative innovation, good will and co-created evidence for informing policymaking.
    Keywords: smart specialisation, S3, sustainability, S4, green deal, digital transition, entrepreneurial discovery process, EDP, quadruple helix, QH, 4H, participatory approach, stakeholders engagement, collaboration, co-creation, policy innovation, regional innovation, regional development, urban development, conference of Europe, policy lab, innovation camp
    Date: 2022–06
    URL: http://d.repec.org/n?u=RePEc:ipt:iptwpa:jrc128771&r=
  3. By: John Nay
    Abstract: Climate adaptation could yield significant benefits. However, the uncertainty of which future climate scenarios will occur decreases the feasibility of proactively adapting. Climate adaptation projects could be underwritten by benefits paid for in the climate scenarios that each adaptation project is designed to address because other entities would like to hedge the financial risk of those scenarios. Because the return on investment is a function of the level of climate change, it is optimal for the adapting entity to finance adaptation with repayment as a function of the climate. It is also optimal for entities with more financial downside under a more extreme climate to serve as an investing counterparty because they can obtain higher than market rates of return when they need it most. In this way, parties proactively adapting would reduce the risk they over-prepare, while their investors would reduce the risk they under-prepare. This is superior to typical insurance because, by investing in climate-contingent mechanisms, investors are not merely financially hedging but also outright preventing physical damage, and therefore creating economic value. This coordinates capital through time and place according to parties' risk reduction capabilities and financial profiles, while also providing a diversifying investment return. Climate-contingent finance can be generalized to any situation where entities share exposure to a risk where they lack direct control over whether it occurs (e.g., climate change, or a natural pandemic), and one type of entity can take proactive actions to benefit from addressing the effects of the risk if it occurs (e.g., through innovating on crops that would do well under extreme climate change or vaccination technology that could address particular viruses) with funding from another type of entity that seeks a targeted return to ameliorate the downside.
    Date: 2022–07
    URL: http://d.repec.org/n?u=RePEc:arx:papers:2207.02064&r=
  4. By: Corti, Francesco; Gros, Daniel; Ruiz de la Ossa, Tomás; Liscai, Alessandro; Kiss-Gálfalvi, Tamás; Gstrein, David; Herold, Elena; Dolls, Mathias
    Abstract: This Policy Brief analyses to what extent the funds distributed through the EU’s Recovery and Resilience Facility (RRF) are used by Member States to finance new projects, thus boosting their economic recovery from the Covid-19 pandemic, which is the primary goal of the RRF. Specifically, this Policy Brief provides an in-depth analysis of the National Recovery Resilience Plans submitted by Austria, Belgium, Germany, Spain, Italy and Portugal. Overall, the analysis shows that there is no significant relationship between the total amount of RRF grants (in terms of the percentage of GDP) and an acceleration in public investment. This suggests that RRF funds are mainly being used to finance existing investment projects.
    Date: 2022–01
    URL: http://d.repec.org/n?u=RePEc:eps:cepswp:34969&r=
  5. By: Wrobel, Ralph
    Abstract: Armenia has already signed some agreements with China to participate in the BRI project while no concrete measures are financed by the initiative. But what are the economic advantages and disadvantages of the BRI? While funding of some for Western financiers unattractive projects by China is a good chance for some participating countries a resulting "debt trap" is dangerous for them. Additionally, it can be shown easily that China's investments have mostly some geopolitical aspects which make the projects more advantageous for China than for the participating countries themselves. Especially, when in the BRI participating countries cannot pay back their debts a transfer of natural resources respective of infrastructure like ports ore pipelines to China may be the consequence. Therefore, Armenia is in a dilemma between strengthening cooperation with China and benefitting from that, on the one hand, and the risk of losing economic as well as political independence, on the other hand.
    Keywords: Belt and Road Initiative,Armenia,Geopolitics,Debt-Trap
    Date: 2022
    URL: http://d.repec.org/n?u=RePEc:zbw:opodis:20221&r=

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